Frost Memorial Fund Inc
- Assets
- $5.7m
- Revenue
- -$13.9k
- Investments
- $5.6m
- Employees
- 0
- Location
- Rhinebeck, NY
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 14-1803911
Organization Overview
Frost Memorial Fund Inc is located in Rhinebeck, NY. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frost Memorial Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Frost Memorial Fund Inc has awarded 47 individual grants totaling $1,063,380. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth M Wolf President | 1 | $4,000 | |
Vincent L Teahan Vice President/secretary | 1 | $4,000 | |
Lewis Ruge Treasurer | 1 | $4,000 | |
Dr Louis Tumolo Jr Trustee | 1 | $4,000 | |
Christopher Chestney Trustee | 1 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $23 |
| Dividends & Interest | $151,293 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$165,262 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11 |
| Total Revenue | -$13,935 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,319 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $785 |
| Printing and publications | $30 |
| Other expenses | $50,599 |
| Total operating and administrative expenses | $97,334 |
| Contributions, gifts, grants paid | $366,462 |
| Total expenses and disbursements | $463,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $47,859 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,257 |
| Total assets | $5,655,559 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Frost Memorial Fund Inc has awarded $366,462 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CHURCH OF THE MESSIAH PURPOSE: TO SUPPORT THE NEEDS OF THE CHURCH. | $33,000 |
CULTURE CONNECT PURPOSE: TO SUPPORT YOUTH AND FAMILIES OF COMMUNITIES TO CREATE A FUTURE OF SOCIAL JUSTICE, GLOBAL ENGAGEMENT, AND CULTURAL COMPETENCE. | $10,000 |
FIRST BAPTIST CHURCH OF RHINEBECK PURPOSE: TO SUPPORT THE NEEDS OF THE CHURCH. | $6,000 |
FERNCLIFF FOREST PURPOSE: TO SUPPORT THE NEEDS OF THE ORGANIZATION. | $2,000 |
GRACE BIBLE FELLOWSHIP CHURCH PURPOSE: TO SUPPORT THE NEEDS OF THE CHURCH. | $6,000 |
CHURCH OF THE GOOD SHEPHERD PURPOSE: TO SUPPORT THE NEEDS OF THE CHURCH. | $6,000 |